Snap-on (NYSE: SNA ) reported earnings on April 18. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 30 (Q1), Snap-on met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew slightly. GAAP earnings per share increased significantly.
Margins increased across the board.
Snap-on logged revenue of $741.7 million. The five analysts polled by S&P Capital IQ predicted a top line of $751.8 million on the same basis. GAAP reported sales were the same as the prior-year quarter's.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $1.40. The six earnings estimates compiled by S&P Capital IQ averaged $1.34 per share. GAAP EPS of $1.40 for Q1 were 16% higher than the prior-year quarter's $1.21 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 49.3%, 120 basis points better than the prior-year quarter. Operating margin was 17.6%, 140 basis points better than the prior-year quarter. Net margin was 10.5%, 130 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $771.3 million. On the bottom line, the average EPS estimate is $1.45.
Next year's average estimate for revenue is $3.05 billion. The average EPS estimate is $5.65.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 198 members out of 213 rating the stock outperform, and 15 members rating it underperform. Among 74 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 72 give Snap-on a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Snap-on is outperform, with an average price target of $86.40.
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